Just pointing out the potential risks involved here. Lets see how this develops... Can you imagine what all those longs must be thinking right now!
This is not fun 'n games people....this is deadly serious. Now I'm clearly showing my age! Was that a rejection by the log trend down or are we consolidating for a big move....lets see.
I mean Lambo! Last chance to get that crap car you've always wanted. Stage in those buy orders, we're going higher folks. I want to see that RSI in the well oversold area, then I'll think of pulling back some. Remember everyone has their eyes on the ball. The longer we hang about around this log down trend, the harder this thing is going to blow. That $9545...
If you see this link, you'll know what I mean! Steady....Hold...Hold....Hold...Now! Braveheart, it's a great movie! www.youtube.com
Ever seen those movies just when everyone thinks the bad guy is down... he suddenly springs to life, chases the hot bird down and hacks her up... like a T1000 or Jason Vorhees! I am a long term bull always have been and always will be...like a marine!... I'll be 82 years old next Wednesday, seen 2 Bitcoin crashes in my life and they usually end with a real...
What would it take to push this to the next Fib level? I'm often confounded by irrational human behaviour....maybe, just maybe, sometimes I like playing it safe. I'm not saying it's impossible looking back at the previous moves though.
I think will be take down due to the selling that already occurred by the red arrow. That's not a constructive bull flag, thats the JAWS OF DEATH. Not for me, we're up almost 100% from low. We need to retest that at some point, maybe in the next 48hours, we'll see.
It's late, I'm tired... Have a look at your leisure. I retract that WARNING WARNING! Post as I now think this will be a 0.618 retrace and the BOOM to $2900. Good luck.
Adam Eve bottom. Broke Log down trend. Broke 200MA. We will re-test that MA, so a 0.618 retrace from the top of the bearish wedge. The wedge isn't that big which is why the retrace can't test anywhere near the previous lows. That truncated Eve bottom which confused everyone is signs of a big reversal. Others did point out correctly that it was a diamond...
I think I'm Bipolar! I can't decide if I'm a Bull or a Bear here. I'm open to suggestions.
Dramatic language, yes. Let's be realistic, it's not so bad, we'll still be at $20K by years end, just not yet! Short, then Long.
Well, well, how fast things change.... IS THIS REALLY POSSIBLE? Buyers beware!